Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday April 28, 2013

Study Shows 45% of Bitcoin Exchanges Fail

A new study reported by Wired shows that almost half (45%) of all Bitcoin Exchanges fail from various causes and 30% fail after only one year of operation, often leaving Bitcoin owners holding the empty bag.

An exchange needs to maintain a transaction volume above a certain level to survive, but becoming large enough to survive also makes a hack of that exchange worthwhile for cyber attackers.